After Hours Summary: CSCO +2.4% initially lower following earnings but moves higher during call; AVT +6.6%, STNE +2.8%, SNPS +2.3% higher on earnings; CHK +6% to join S&P MidCap 400; WOLF -12.1%, PYCR -3.8% lower on earnings
- After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AVT +6.6%, STNE +2.8%, CSCO +2.4%, AMCR +2.4%, SNPS +2.3% (also names new CEO), KE +0.2%
Companies trading higher in after hours in reaction to news: CHK +6% (to join S&P MidCap 400), PGEN +3.6% (Director bought 570345 shares), MRCY +3.3% (to move to S&P SmallCap 600 from S&P MidCap 400), CHGG +3% (authorizes new $200 mln share repurchase program), WGO +2.5% (increases dividend), JNPR +2% (in sympathy with CSCO earnings), CBOE +1.6% (increases dividend), CIEN +1.4% (in sympathy with CSCO earnings), AVGO +0.8% (in sympathy with CSCO earnings), ANET +0.6% (in sympathy with CSCO earnings), NOK +0.5% (in sympathy with CSCO earnings), WMT +0.2% (CEO of International segment to retire)
- After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: WOLF -12.1%, PYCR -3.8%
Companies trading lower in after hours in reaction to news: KULR -32.5% (stock offering), ASUR -11.2% (stock offering), LOVE -6.8% (says FY23 earnings overstated due to error), DWAC -3.1% (to postpone extraordinary general meeting), CAAP -2.2% (July traffic data), ALIT -1.7% (selling shareholders commence 22.5 mln share offering), EXTR -1.6% (in sympathy with CSCO earnings), G -0.7% (MCK and G extend relationship to increase automation of MCK's finance ops), EQT -0.6% (FTC resolves review of EQT's previously announced deal to acquire Tug Hill's upstream assets and XcL Midstream's gathering and processing assets), HOOD -0.1% (reports July 2023 operating data)